Digital currencies are all hyped up these days, specifically with speculative investors. What used to be “fringe” investment is presently the center and front in the financial press. Even the financial networks like CNBC speak about Bitcoin on a daily basis and keep a ticker on the upper side of the screen showing the present value. With this hype of crypto, investors are aiming to diversify their portfolio and that can only be attained by investing in cheap cryptocurrency.
Having said that, till now, most investors are well aware of Bitcoin and its movement, but they are well aware that there are other digital currencies other than Bitcoin in the market that are either known as altcoin or stablecoin. In fact, there are numerous other options if you aim to get your crypto fix away from other popular names. With that, this guide will tell you the top cheap cryptocurrency that you can invest in this year to diversify your portfolio and earn profit from that.
Top Cheap Cryptocurrency To Invest In 2022
If you want to invest in the digital currency space, a great way to develop above average return is to have a look for the ideal cheap digital currency to purchase. As these coins are trading at low price, any upward shift can result in market beating returns for the savvy investors.
Lucky Block (LBLOCK)
This is our pick for the best digital currency to purchase in 2022. It is a crypto lottery platform that employs blockchain technology to enhance the traditional lottery system. Users can buy lotto tickets using LBLOCK, which is the native token of the platform implying the complete process is digitized and fair. At the time of writing this the price of LBLOCK is $0.002286.
AAnother exciting latest digital currency ideal for investment for this year is Avalanche. It is a super fast blockchain platform that employs three chains in place of one which implies that the tasks are divided and the speed of transaction are highly raised. The speeds are even more boosted since two separate consensus mechanisms are used by AVAX assuring that the platform is highly scalable. So if you are wondering about the best cryptocurrency to buy today then you should go for this. At the time of writing this the price of AVAX is $89.38.
Maker is a native coin of makerDAO which is a decentralized lending platform constructed on the Ethereum network. Users can lock up Ether in the protocol and create ‘DAI’ which is a stablecoin that is backed up by the dollars. Primarily they enable users to get crypto loans and develop yields without the requirement of invasive KYC check. At the time of writing this the price of MKR is $2,205.18. This is the next cryptocurrency to explode 2022.
Ether is the second largest crypto across the globe after Bitcoin and has evolved exponentially in the recent year. Unlike BTC, ETH provides a platform where developers can construct dApps with complete support for smart contracts. So if you are wondering which crypto to buy today India, then you should go for this. At the time of writing this the price of ETH is $3,098.36. So this is undeniably the cheap cryptocurrency to invest in 2022.
This is an innovative network that utilizes ‘oracles’ to offer off-chain data to blockchain. Off chain data like stock market values, can be availed by smart contracts within dApps, that is yet to be sourced in a decentralized manner. The nodes of Chainlink can source the data for a charge that is paid in LINK. At the time of writing this the price of LINK is $18.93. This is the next big cryptocurrency.
Another choice for cheap cryptocurrency to purchase in the DeFi space is Uniswap. This is a decentralized exchange (DEX) that is hosted on the Ethereum network and enables users to exchange crypto tokens easily. As this is completely decentralized there is no need for users to offer personal details. At the time of writing this the price of UNI is $12.27.
The top digital currencies are attracting investors who are looking to widen their portfolios. Not many evolving entities are accepting digital currencies as a legitimate payment method, so now is the ideal time to invest in digital currencies and if you are interested to expand your crypto investment portfolio then you can invest in these cheap cryptocurrency and see the profit yourself.
Frequently Asked Questions Cheap Cryptocurrency
The cheap cryptocurrency include Lucky Block (LBLOCK), Avalanche (AVAX), Maker (MKR), Ethereum (ETH), Chainlink (LINK), and Uniswap (UNI).
If you want to diversify your investment portfolio then you can invest in Lucky Block (LBLOCK), Avalanche (AVAX), Maker (MKR), Ethereum (ETH), Chainlink (LINK), and Uniswap (UNI).
The next big crypto is predicted to be Ethereum which is presently the second largest crypto presently after Bitcoin across the globe.